Atlis Motor Vehicles announced that the Company is on track to double in size to meet strong customer demand for its battery cell and battery pack technology. The company plans to expand its AMV battery cell and pack manufacturing capabilities to meet production targets. During the prior quarter, production staff increased from 3 individuals to 37 and added multi-shift work schedules to enable the Company to manufacture cells twenty-four hours a day, seven days a week. In addition, Atlis continues to successfully recruit R&D talent across the Mechanical, Hardware, Software, Test, and Manufacturing Engineering teams. Amidst industrywide layoffs, the Atlis team plans to sustain its growth trajectory and add headcount across the business while continuing to heavily invest in research and development for the Atlis EV technology ecosystem.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMV:
- Atlis Motor Vehicles on Pace to Achieve Exponential Growth in 2023, Sets Goal to Double 2022 Headcount in Response to Growing Demand
- Atlis Motor Vehicles Debuts Proprietary Megawatt AC/DC Charge Handle and Cable Design, Successfully Delivering Unprecedented 1,200A+ and 1,000V+ in Charge Tests
- One new option listing and one option delisting on January 25th
- Atlis Motor Vehicles Battery Cell Output Increases 15x as Production Ramps to Meet Customer Demand
- Atlis Motor Vehicles announces fifteen-fold increase in battery cell output